1. A peek to Taxify engineering - behind the scenes. By Rain Johanson, Head of Engineering @ Taxify.

Taxify was founded in 2013 and has hundreds of thousands of users by now in the Baltics and Finland, planning to expand in four European countries in he beginning of 2015, getting 1.4 million euro investment at the end of 2014.

Rain will give you a brief overview of the systems Taxify is building and will talk about what are the challenges in building a product for hundreds of thousands of users.

Merchants and consumers are looking forward to reducing operational costs. As alternative to expensive centralized banking transfers decentralized payment system has proved its effectiveness in reducing costs associated to transferring a value and acquiring assets.

Another growing trend is the Internet of Things (IoT) mesh network, which is able to communicate through Internet, Bluetooth and mesh at the same time and therefore maintain stable connection within the network.

Decentralized payments and IOT mesh network can be a synergy. Monetization of physical assets involved within the Internet of Things (IoT) mesh networks is possible.

The Internet of Things (IoT) refers to the growing network of physical objects that feature an IP address for internet connectivity. The communication occurs between these objects and other Internet-enabled devices and systems.

Imagine IoT devices that are able to trade their data and services. Each product or service can be paid for using token. Token is created by the decentralized application and is easily transferable from peer to peer for example via the bitcoins blockchain. The decentralized application manages payment addresses that can be assigned to each IOT device for data or service that one might want to acquire.